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Russia used military drones to attack Ukrainian grain warehouses on the Danube River, targeting another vital export route for Kyiv close to its border with Romania.

Global grain prices have spiked as a result, exacerbated by Russia quitting the Black Sea grain deal.

Ed Butler discusses this and more business and economic news from around the world with economist at the University of Maryland, Peter Morici, and Alaezi Akpuru, owner and creative director of the contemporary Nigerian fashion brand, Virgioli Fashion.

(Picture: A grain warehouse destroyed by a Russian drone strike is seen in a sea port, amid Russia's attack on Ukraine, in Odesa Region, Ukraine July 24, 2023. Credit: Press Service of the the Operational Command South of the Ukrainian Armed Forces/Handout)